International Capital Movements And Technology In Economic Development

Author : Mr.Harm Zebregs
Publisher : International Monetary Fund
ISBN 13 : 1451854889
Total Pages : 29 pages
Book Rating : 4.86/5 ( download)

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Download or read book Long-Term International Capital Movements and Technology written by Mr.Harm Zebregs and published by International Monetary Fund. This book was released on 1999-09-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.

Author : Harm Zebregs
Publisher :
ISBN 13 :
Total Pages : 221 pages
Book Rating : 4.80/5 ( download)

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Download or read book International Capital Movements and Technology in Economic Development written by Harm Zebregs and published by . This book was released on 1998 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Francisco L. Rivera-Batiz
Publisher :
ISBN 13 : 9789813209398
Total Pages : pages
Book Rating : 4.99/5 ( download)

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Download or read book International Trade, Capital Flows and Economic Development written by Francisco L. Rivera-Batiz and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences
Publisher : National Academies Press
ISBN 13 : 0309038421
Total Pages : 225 pages
Book Rating : 4.23/5 ( download)

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Download or read book Globalization of Technology written by Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences and published by National Academies Press. This book was released on 1988-02-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technological revolution has reached around the world, with important consequences for business, government, and the labor market. Computer-aided design, telecommunications, and other developments are allowing small players to compete with traditional giants in manufacturing and other fields. In this volume, 16 engineering and industrial experts representing eight countries discuss the growth of technological advances and their impact on specific industries and regions of the world. From various perspectives, these distinguished commentators describe the practical aspects of technology's reach into business and trade.

Author : J. Adler
Publisher : Springer
ISBN 13 : 1349152382
Total Pages : 526 pages
Book Rating : 4.84/5 ( download)

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Download or read book Capital Movements and Economic Development written by J. Adler and published by Springer. This book was released on 1967-06-01 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Muhammad Akhtaruzzaman
Publisher : Springer
ISBN 13 : 981139069X
Total Pages : 203 pages
Book Rating : 4.92/5 ( download)

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Download or read book International Capital Flows and the Lucas Paradox written by Muhammad Akhtaruzzaman and published by Springer. This book was released on 2019-06-21 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn’t tend to flow from rich to poor countries as predicted by standard neoclassical theory – a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries.

Author : Ronald I. McKinnon
Publisher : Brookings Institution Press
ISBN 13 : 9780815718499
Total Pages : 204 pages
Book Rating : 4.97/5 ( download)

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Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309045908
Total Pages : 312 pages
Book Rating : 4.02/5 ( download)

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Download or read book Behind the Numbers written by National Research Council and published by National Academies Press. This book was released on 1992-02-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's international economic decisions rest to a large degree on the information available to policymakers. Yet the quality of international trade and financial data is in serious doubt. This book reveals how our systems for collecting and analyzing trade data have fallen behind the times-and presents recommendations for new approaches to accuracy and usefulness of these economic data. The volume traces the burgeoning use of international economic data by public and private analysts at a time when the United States is becoming increasingly integrated into the world economy. It also points out problems of capturing new transactions, comparing data from different sources, limited access to the data, and more. This is the first volume to review all three types of U.S. international data-merchandise trade, international services transactions, and capital flows. Highlights include: Specific steps for U.S. agencies to take. Special analyses on improving the accuracy of merchandise trade data, filling data gaps on the fast-growing international services transactions, and understanding structural changes in world capital markets. Comments, complaints, and suggestions from an original survey of more than 100 key users of trade data. This practical volume will be invaluable to policymakers, government officials, business executives, economists, statisticians, and researchers.

Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.07/5 ( download)

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Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Author :
Publisher :
ISBN 13 :
Total Pages : 498 pages
Book Rating : 4.09/5 ( download)

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Download or read book Capital Movements and Economic Development written by and published by . This book was released on 1967 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: